Chart of the day: interest rates

Advertisement

The global economy is in the relatively unique but unenviable position of being bullied by both recession and inflation at the same time. This leaves central banks in a bit of bind. The Federal Reserve has thrown all caution to the wind and cut rates in a reflationary ploy rivaling its actions during the last downturn. On the other hand, commodities-rich countries like Brazil, Norway, and Australia are at the top of the list for raising rates as the are not suffering anywhere near the difficulties that one sees in the United States. Fair enough.

Related Posts
1 of 1,545

The only question I have about all of this, as one can see on the chart below is: what the devil is commodity-rich Canada doing?

Source
Benchmark interest rates, The Economist

Get real time updates directly on you device, subscribe now.

Do NOT follow this link or you will be banned from the site!